Cashless Payments/page/2 news and trends

Coin Use Plummets in Japan as Consumers Rethink Savings
Cash // July 11, 2023

High inflation in Japan has had an unintended victim: the piggy bank. As the Financial Times (FT) noted Monday (July 10) in a report on that country’s declining cash use, Japanese parents would traditionally set aside 500-yen coins from their change and place them in...

UK Contactless Card Use Up 94% YoY
Payment Methods // May 08, 2023

The coronation has come and gone, and digital wallets and contactless cards continue to dominate the U.K. retail space. How will Brits pay for coronation swag and other retail items and groceries the next time they head to stores? Questions of payments preference were analyzed...

MLB Says Three Strikes and You’re Outdated to Concessions Payments
Payment Methods // April 06, 2023

With the return of baseball season, major teams are upgrading their in-arena ordering and payments. Take, for instance, New York’s Yankee Stadium, which this year is tapping Uber Eats’ technology to not only enable gamegoers to make food purchases from their seats but also to...

Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
Payment Methods // April 03, 2023

Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this July when Federal Reserve launches its long-awaited payments service, FedNow Service. When FedNow goes live,...

Interviews & Exclusives
UK Contactless Card Use Up 94% YoY

May 08, 2023
The coronation has come and gone, and digital wallets and contactless cards continue to dominate the U.K. retail space. How will Brits pay for coronation swag and other retail items and groceries the next time they head to stores? Questions of payments preference were analyzed in The 2023 Global Digital Shopping Index: U.K. Edition, a PYMNTS […]

Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?

April 03, 2023
Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this...

UK FoodTech Business Chases Digital Even as Consumers Still Use Cash

January 31, 2023
Adopting an innovation mindset has been the vending business’ saving grace in tough economic times. In fact, with a global recession and an ongoing war and cost-of-living crisis across Europe,...

Small Businesses Cite Cross-Border Payment Frictions as Barrier to Growth

December 27, 2022
Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind. Whether domestic or international, payments management is resource-intensive but...

Quick Reads
TouchTunes Unveils Mobile Wallet for In-Venue Entertainment

March 14, 2024
Interactive music/entertainment platform TouchTunes is entering the mobile payment arena. The company on Thursday (March 14) announced the launch of FunWallet, its cashless mobile payment platform that lets users pay for in-venue amusement machines such as billiards tables or digital dartboards. “FunWallet will allow users to pay for in-venue entertainment using credits in the TouchTunes mobile app,” the […]

Coin Use Plummets in Japan as Consumers Rethink Savings

July 11, 2023
High inflation in Japan has had an unintended victim: the piggy bank. As the Financial Times (FT) noted Monday (July 10) in a report on that country’s declining cash use,...

State Bank of Vietnam Reports Progress in Cashless Payments Adoption 

December 28, 2022
The State Bank of Vietnam is working to expand the use of cashless payments in rural areas.  Thus far, mobile money, one of the financial solutions in Vietnam’s cashless payment...

Walmart Canada Taps Western Union For Money Transfers

December 21, 2022
Walmart Canada has integrated Western Union’s platform into Walmart.ca to offer customers money transfers. In addition, the two companies have extended their relationship, letting customers use Western Union money transfer services...